Subsequent Events	12 Months Ended
Dec. 31, 2021
Subsequent Events
Subsequent Events	Note 28. Subsequent events On January 14, 2022, the Company committed to invest, in the form of an asset contribution of existing commercial real estate equity positions and additional capital, together in an amount equal to at least $50 million, into a parallel vehicle of Waterfall Atlas Fund, LP (the “Fund”), a fund managed by Waterfall Asset Management, LLC, in exchange for interests in the Fund. The Company committed to invest up to an additional $50 million as of the Final Closing Date of the Fund, subject to available capacity in the Fund. In exchange for the Company’s commitment, the Company will be entitled to 15% of any carried interest distributions received by the General Partner of the Fund such that over the life of the Fund, the Company receives an internal rate of return of 1.5% over the internal rate of return of the Fund. The Fund will focus on commercial real estate equity through the acquisition of distressed and value-add real estate across property types with local operating partners. On January 14, 2022, the Company completed a public offering of 7,000,000 shares of common stock at a price of $15.30 per share. The Company received aggregate net proceeds of approximately $106.6 million, after deducting offering expenses.

Subsequent Events

12 Months Ended

Dec. 31, 2021

Note 28. Subsequent events

On January 14, 2022, the Company committed to invest, in the form of an asset contribution of existing commercial real estate equity positions and additional capital, together in an amount equal to at least $50 million, into a parallel vehicle of Waterfall Atlas Fund, LP (the “Fund”), a fund managed by Waterfall Asset Management, LLC, in exchange for interests in the Fund. The Company committed to invest up to an additional $50 million as of the Final Closing Date of the Fund, subject to available capacity in the Fund. In exchange for the Company’s commitment, the Company will be entitled to 15% of any carried interest distributions received by the General Partner of the Fund such that over the life of the Fund, the Company receives an internal rate of return of 1.5% over the internal rate of return of the Fund. The Fund will focus on commercial real estate equity through the acquisition of distressed and value-add real estate across property types with local operating partners.

On January 14, 2022, the Company completed a public offering of 7,000,000 shares of common stock at a price of $15.30 per share. The Company received aggregate net proceeds of approximately $106.6 million, after deducting offering expenses.